Is Saint Joseph County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Joseph County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Saint Joseph County has remained a Seller's Market.

Key Takeaway

Saint Joseph County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saint Joseph County, IN

How much do homes in Saint Joseph County, IN cost?

Median Sold Price

$219,350

$131/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$5,103(-2.3%)

Key Takeaway

Homes in Saint Joseph County have sold for 2.3% less than they did a month ago.

Summary: The median home sold price in Saint Joseph County was $219,350 in October 2024, down 2.3% from last month, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 $122.5K-
N/A
2 $156.5K$133.2K
-14.9%
3 $222.5K$225.5K
+1.4%
4 $300K$305K
+1.7%
5+ $530K$378.9K
-28.5%

Summary: Saint Joseph County housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 28.5%.

Median Sold Price Compared To Nearby Counties

Elkhart County
-1.1%
Saint Joseph County
-2.3%
Marshall County
-17.3%

Housing Supply in Saint Joseph County, IN

How many homes are available in Saint Joseph County, IN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,1401,223+7.3%

Summary: The Saint Joseph County real estate market had 1,223 homes for sale in October 2024, a 7.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 98
-11.1%
2 236261
+10.6%
3 527569
+8.0%
4 282300
+6.4%
5+ 8685
-1.2%

Summary: The Saint Joseph County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 1.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
313299-4.5%

Asking Price vs. Sold Price

145 Homes Were Sold
Under Asking

70 Homes Were Sold
At Asking

71 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Joseph County, you may be able to get a good deal. 50.7% of homes here sold below asking price last month.

Summary: A total of 299 homes were sold or pending in Saint Joseph County in October 2024, down by 4.5% month-over-month. Of the 286 sold homes, 51% were sold under asking, 24% were sold at asking, and 25% were sold over asking.

Days on Market for Saint Joseph County, IN

How long does it take to sell a home in Saint Joseph County, IN?

Average Sale Time

Sep 2024Oct 2024CHANGE
1 Day2 Days+100.0%

Summary: Homes in Saint Joseph County had an average of 2 days on market in Oct 2024, up by 100% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saint Joseph County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 299 homes were sold in Saint Joseph County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Saint Joseph County, IN

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